Re: Nine Buck Beans... *PIC*
Always a conundrum as to where to put stop loss. Stop loss should be used to get out just as it should be used as a limit to loss.
About the best I've come up with as far as stop loses go...after a correct entry.
Decide how much you wish to give back before you take profits.
Or...use some predetermined point on the chart...say...in this instance...937.50. Maybe go a few pennies below that???
Something like 935...dealers choice.
That was a pretty setup. Seems like the run was started a day latter than the end of the 161.25 time cycle.